Ripple CEO Condemns Strategy's Bitcoin Acquisition Strategy, Says It Harms the Crypto Market

PANews June 27 news, according to The Block, Ripple CEO Brad Garlinghouse condemned the way Strategy and its chairman Michael Saylor fund Bitcoin purchases during a CNBC interview. "Financial engineering does not create long-term value … the long-term value of any digital asset will be driven by utility." "The team around Michael Saylor is not focused on the right things, and this is hurting the entire market."

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